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Texas Instruments (TXN) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
Texas Instruments (TXN) reported revenue of $4.1B for the first quarter 2025 (Q1 2025), +11% from a year earlier and +2% from the quarter before. Operating margin was 32.5%, net earnings $1.2B (29.0% of revenue).
Texas Instruments, Q1 2025: revenue $4.1B (+11% year over year), operating margin 32.5%, net earnings $1.2B, operating cash flow $849M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1B | +2% | +11% |
| Gross profit | $2.3B | 0% | +10% |
| Operating profit | $1.3B | -4% | +3% |
| Net earnings | $1.2B | -2% | +7% |
| Operating cash flow | $849M | -58% | -17% |
What changed
Revenue was $4.1B in Q1 2025, up 11% year over year and up 2% from the previous quarter. Analog was the largest line at 79% of revenue. Analog added $0.37B year over year (up 13%), 92% of the total change. Embedded Processing declined 1%.
Gross margin was 56.8%, down 0.4 points from a year earlier. Operating profit was $1.3B, a 32.5% margin (down 2.6 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, below the 35% margin then. Operating expenses grew 22% against revenue growth of 11%. Net earnings were $1.2B, up 7% year over year. The effective tax rate was 7.6%.
Operating cash flow was $0.85B (down 17% year over year), 72% of net earnings. Non-cash charges added back $0.42B of depreciation and $0.12B of share-based compensation. Working capital and other items used $0.87B. Capital expenditures of $1.1B exceeded it, leaving free cash flow of −$0.27B.
Questions
What was Texas Instruments' revenue in the first quarter 2025?
Texas Instruments (TXN) reported revenue of $4.1B for the first quarter 2025 (Q1 2025), +11% from a year earlier and +2% from the quarter before.
Was Texas Instruments profitable in the first quarter 2025?
Operating profit was $1.3B (32.5% of revenue) and net earnings $1.2B.
Source: Texas Instruments 10-Q on SEC EDGAR.